58.com

Summary: 58.com (WUBA.NYSE) announced today that it has reached an investment agreement with Tencent Holdings (0700.HK), as reported by Sina Tech. According to the agreement, Tencent will invest US$ 200 million in 58.com‘s second-hand goods trading platform Zhuan Zhuan. [ … ]

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(Updates with official confirmation and more details) Summary: 58.com (WUBA) confirmed today (May 8) that it has completed acquisition of Chinese online hiring site Chinahr.com, reports Cnwnews. The transaction amount was not announced. After the acquisition, Chinahr.com will operate [ … ]

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Summary: People familiar with the situation say that 58.com (WUBA) plans to acquire Chinese online hiring site Chinahr.com, reports Sina Finance. A transaction amount was not immediately available. An official announcement is expected to be released as soon as [ … ]

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Summary: Momo, the Chinese instant messaging and social networking platform, has updated its IPO filing and set a US$ 12.50 -14.50 price range to raise an estimated US$ 256 million, according to Sina. The company plans to start [ … ]

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Summary: Chinese classified advertisements website 58.com (WUBA) has acquired online recruiting website M91.cn, according to Techweb. The two companies have not revealed details of the transaction. Why It Matters: M91.cn was founded in 2004 and mainly focuses on recruiting [ … ]